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the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest says the dismal economic news of the week remits no significant -- represents no significant change, just more of the same as the economy continues to slip. joining us now, wall street legislate, his tore your, lures lerman. lou, i'm looking at the number, and the dow jones industrial, and this is stunning stuff. up almost 10%, 9.8%, year-to-date. the s&p up 14.56%. the nasdaq up almost 20%, up 19.62%. these are incredibly glorious numbers. aren't you happy? [laughter] >> well, i'm happy about the results. of course, for everybody who profited by it, but unhappy about the techniques by which the market has been floated into, you know, 10%-15% increases in value. this is a federal reserve system money
the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest says the dismal economic news of the week remits no significant -- represents no significant change,...
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obama signed in to law had taken effect. yes, you might say in terms of the job losses the worst was still to come when mr. become become came in. that is not so either. more than half the 8.7 million jobs lost as a result of the recession had been lost by inauguration day. the president inherited an economy still in recession all right. but the recovery came before the policies could take effec effect. remember this. deep recession including those in financial crisis lead to sharp recoveries but this has been the weakest recovery since world war ii. >> bret: you have covered a lot of debates. you're out for wednesday's to be on the panel but what do you think of this debate and how much the need can move if governor romney holds his own in the first debate? >> there is not much history of debates moving the needle much but it's interesting to see if governor romney can do something he needs to do, get across to people he is the man to make the economy an begin to really vibrate again. do it concisely and specifically. that
obama signed in to law had taken effect. yes, you might say in terms of the job losses the worst was still to come when mr. become become came in. that is not so either. more than half the 8.7 million jobs lost as a result of the recession had been lost by inauguration day. the president inherited an economy still in recession all right. but the recovery came before the policies could take effec effect. remember this. deep recession including those in financial crisis lead to sharp recoveries...
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. >> he's not trying to move the law radically, quickly. i think justice scalia or justice thomas really want to get to the end answer as quickly as possible and make the law conform to what they really understand whereas the chief justice is more incrementalist. >> reporter: conservative court watcher carry severino doesn't believe much will change any time soon. >> certainly this is not a crusading con serbtive court. until we have a shift, i think, in the membership of the court it's impossible to call it a court that leans more to the left or to the right. >> let's bring in joe johns. joe, could this term possibly be as important as the last one? that's hard to imagine. >> reporter: carol, it certainly has that potential. just the question of revisiting race based preferences in university admissions. this is an issue they decided just a few years ago. now they're back. the difference is the court's been reconstituted. now the swing vote is no longer one justice. it's another justice. there are other issues certainly that could be big.
. >> he's not trying to move the law radically, quickly. i think justice scalia or justice thomas really want to get to the end answer as quickly as possible and make the law conform to what they really understand whereas the chief justice is more incrementalist. >> reporter: conservative court watcher carry severino doesn't believe much will change any time soon. >> certainly this is not a crusading con serbtive court. until we have a shift, i think, in the membership of the...
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look, ultimately the law is the law and not surprising, brooke, you have people on both sides as you mentioned and some people believe that it is appropriate, okay? however the american psychological association has come out and said, it is junk science, it can lead to depression, suicide, it is just not something we should be undertaking. not surprising, brooke, there is a lawsuit, what does the lawsuit do? it says, look, not so fast, let's impose an injunction upon the law that says let's halt it, stop it, stay it and have a debate on this issue. and what the debate should say is you're violating my rights. how? these are parents who have the right to decide how their kids are growing up. therefore, this law takes that right away from them and says the state will now determine what is appropriate and what is not appropriate. so not surprisingly, there are groups out there and there is a lawsuit in the mix which may very well stay this particular -- >> not just one. david pickup who spoke with me from narth said he too -- they too are filing a suit, so two suits. two suits into this
look, ultimately the law is the law and not surprising, brooke, you have people on both sides as you mentioned and some people believe that it is appropriate, okay? however the american psychological association has come out and said, it is junk science, it can lead to depression, suicide, it is just not something we should be undertaking. not surprising, brooke, there is a lawsuit, what does the lawsuit do? it says, look, not so fast, let's impose an injunction upon the law that says let's...
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it's law that just makes sense. growth >> he's trying to... i don't, and the, i think, during the debate. >> governor romney has been practicing for months and the invasion of normandy took less preparation, than he is putting into these debates. >> chris: well, that was governor romney and top obama advisor david axelrod playing the expectations game ahead of wednesday's first presidential debate. it is time for our sunday group, bill kristol of "the weekly standard," liz mar lantas, syndicated talk show host laura ingraham and political analyst juan williams. bill you heard paul ryan say romney will offer the country a clear choice of two different economic futures. is that what he needs to do wednesday? is that enough? >> i think, he needs to win the debate. that is my advice to governor romney and it is time to begin panicking and that means offering his own way ahead and, really explaining why the next four years under president obama will be disastrous, shouldn't focus on the last four years, focus on the next four years and clear choice
it's law that just makes sense. growth >> he's trying to... i don't, and the, i think, during the debate. >> governor romney has been practicing for months and the invasion of normandy took less preparation, than he is putting into these debates. >> chris: well, that was governor romney and top obama advisor david axelrod playing the expectations game ahead of wednesday's first presidential debate. it is time for our sunday group, bill kristol of "the weekly...
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oklahoma has this personhood law. so it is not a long shot at all that one state would go all the way and say, look, we are banning abortion because we think roe v wade will be overturned. if the majority really does change. if, say, ruth bader ginsburg is replaced by a conservative, i think a challenge to roe would come up pretty quickly, probably within a year. >> and normally someone nominates justices whether they're in their 40s or early 50s so they remain on the bench for maybe 30, 40 years. they have an enormous impact long after that president is gone. >> and that's become more and more part of the supreme court confirmation game. one of the stories i tell in "the oath" is president obama was torn between kagan and wood. one of the deciding factors was that kagan was 50 and diane wood was 60. that's going to be true whether obama or romney wins this election. >> jeffrey toobin, the author of "the oath," thanks for coming in. >> all right. >>> one of the best-selling vehicles in the united states is now getting
oklahoma has this personhood law. so it is not a long shot at all that one state would go all the way and say, look, we are banning abortion because we think roe v wade will be overturned. if the majority really does change. if, say, ruth bader ginsburg is replaced by a conservative, i think a challenge to roe would come up pretty quickly, probably within a year. >> and normally someone nominates justices whether they're in their 40s or early 50s so they remain on the bench for maybe 30,...
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he's the chief law enforcement officer of the united states. he's the attorney general of the united states and he's saying hear no evil, see no evil, i'm not responsible and that's not the way the department of justice that it worked with is supposed to work. martha: what if he were to take more shot in the this situation. to say i didn't know but i should have known. and this did happen on my watch. and that was a grievous error. >> a grievous error. when you are the chief law enforcement officer of the united states and the chief lawyer for the united states. the responsibility is as he had with some of his deputies to step aside. there is no good explanation for the attorney general. this idea he did not know. it was going on in my department and i didn't know about it. this ended up being a massive operation. the attorney general's defense is i don't know? sorry, that not way it's supposed to work. bill: 22 minutes before the hour. growing calls for the u.s. ambassador susan rice to step aside after a tidal wave of criticism on her reactio
he's the chief law enforcement officer of the united states. he's the attorney general of the united states and he's saying hear no evil, see no evil, i'm not responsible and that's not the way the department of justice that it worked with is supposed to work. martha: what if he were to take more shot in the this situation. to say i didn't know but i should have known. and this did happen on my watch. and that was a grievous error. >> a grievous error. when you are the chief law...
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i don't think you can make that law in a free society. i thank you for the call. i remind you mitt romney gave john mccain 22 years of tax records which tells me he's much more enthusiastic about being vice president. it's the bill press show. we'll be right back. dose of politics from a fresh perspective. >>i'm a slutty bob hope. the troops love me. >>only on current tv. >> this is the bill press show. i'm john fugelsang. we are back on the air. i'm putting my breakfast to the side. normally, i try to sneak food in the commercial breaks. i learned from stephanie miller that it's actually very professional to eat on camera. >> i was going to wait for you to take a bite and ask your question. >> if you'd like to watch someone eating during a radio show on t.v., stay tuned. the stephanie miller show follows and you can watch them go crazy. that's really the food network. we're taking your calls at 866-55-press. our last caller, paul from seattle made good points about governor romney's tax returns. my two theories about why he doesn't want his tax returns released o
i don't think you can make that law in a free society. i thank you for the call. i remind you mitt romney gave john mccain 22 years of tax records which tells me he's much more enthusiastic about being vice president. it's the bill press show. we'll be right back. dose of politics from a fresh perspective. >>i'm a slutty bob hope. the troops love me. >>only on current tv. >> this is the bill press show. i'm john fugelsang. we are back on the air. i'm putting my breakfast to...
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fast forward to the supreme court june ruling on the healthcare law. the first thing the court did was say that that old law this the 1800s did not block the case. it went of course onto update the original mandate. because it removed that old law, that barrier that liberty university faced at the lower court the university immediately asked for a new chance. the university says it still wants to argue over issues the court did not decide in june, namely the employer mandate. by asking the government to weigh in today the supreme court is signaling its open to allowing liberty to restart its legal challenge, it would first go back to the fourth circuit but the very next stop would be, once again the supreme court. gregg: we could have part two coming up. >> round two, we're ready. gregg: i know you are. shannon bream. thanks very much. live in washington. jenna: an update on a very important story we told you about last week. fears of a world-wide bacon shortage. gregg: say it isn't so. jenna: well the warnings echoed across grocery store isles last we
fast forward to the supreme court june ruling on the healthcare law. the first thing the court did was say that that old law this the 1800s did not block the case. it went of course onto update the original mandate. because it removed that old law, that barrier that liberty university faced at the lower court the university immediately asked for a new chance. the university says it still wants to argue over issues the court did not decide in june, namely the employer mandate. by asking the...